BlackRock's iShares Ethereum Trust (ETHA) has quickly amassed $10 billion in assets, becoming the third-fastest ETF to reach that milestone in just 251 days. This follows a lukewarm initial response compared to Bitcoin ETFs launched in early 2024. Simultaneously, MicroStrategy is working on a $2.5 billion preferred stock offering aimed at purchasing more Bitcoin, amidst ongoing class-action lawsuits related to its previous offerings. MARA Holdings, the second-largest Bitcoin miner, announced an increase in its debt offering to $950 million, which will not solely fund Bitcoin purchases but also cover operations and acquisitions. Despite a 12% drop in stock price following the announcement, analysts suggest a potential rebound as Bitcoin performance improves. The article indicates a possible acceleration in crypto ETF growth as issuers may gain approval for in-kind redemption and share creation with BTC or ETH as underlying assets, enhancing investor appeal.

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